If you’ve set a monthly budget for lotto tickets, you’ll better your personal odds of winning a prize if you spend your monthly ticket budget on one draw, as opposed to spreading that same amount of money over the entire month of draws. For instance, if your monthly lotto budget is $20.00, rather than buy $5.00 worth of lotto tickets each week, your odds of winning any prize will increase dramatically by spending the entire $20.00 on a single draw.
The American Powerball lottery makes use of two machines drawing two sets of numbers. In this way, it is similar to other lotteries like the Mega Millions and EuroMillions. Powerball players need to match five numbers from a possible 69 (these are the white numbers), and one number from a possible 26 (these are the red bonus ‘Powerballs’). If a player matches up all six numbers that have been drawn, they will win the jackpot. Second tier division winners have a $1 million prize to look forward to – one does not even need to match all six numbers in order to become a millionaire with the US Powerball game!
Nowadays there is a plethora of websites to choose from and new companies offer online lottery ticket service every day. Due to the nature of this industry and the fact that newcomers are popping up all over, it is advisable to be diligent and check out the lottery ticket provider carefully before you decide to buy Powerball tickets online with them. This is easily done with a quick google search and an investment of 5 minutes on your part. Trust us, the five minutes is worth it to be sure that when/if you play Powerball online and win, you actually receive your jackpot winnings.
For that reason, Brent Kramer, a research associate at the Fiscal Policy Institute, a nonprofit research and policy organization, and others call lotteries a “regressive tax” by offering the poor a rich fantasy. “If the promised return is by far illusory — and it is — it would be hard to argue that those purchases do not constitute a tax on those who believe the state’s hype,” Kramer wrote in a 2010 paper. In the event that someone did win the latest $700 million Powerball lottery, Bernal says it will be “the single biggest redistribution of wealth” since, well, the January 2016 Powerball.
The minimum jackpot prize is a $15 million annuity disbursed in 30 payments over 29 years which is something many people would elect to do.The 30 annuity payments are not equal but based on an increasing rate schedule. For example, the first annual gross annuity payment on the base $15 million jackpot would be approximately $267,000 while the final payment would be approximately $834,000.
Elecia Battle made national headlines in January 2004 when she claimed that she had lost the winning ticket in the December 30, 2003 Mega Millions drawing. She then filed a lawsuit against the woman who had come forward with the ticket, Rebecca Jemison. Several days later, when confronted with contradictory evidence, she admitted that she had lied. Battle was charged with filing a false police report the following day. As a result of this false report, she was fined $1,000, ordered to perform 50 hours of community service, and required to compensate the police and courts for various costs incurred.
In 2013, US Powerball announced that it had a goal: to reach a $1 billion jackpot by 2022. The lottery has since passed the half a billion mark on four different occasions, and fans and players eagerly anticipated the grand rollover that would knock the others out of the top spots. As luck would have it, they only had to wait three years, not nine, to see their billion-dollar dreams come true. On 13 January 2016, the world's three luckiest ticket holders -- in Tennessee, California, and Florida -- shared the biggest jackpot ever in lottery history: $1.58 billion!
The January 4, 2011 Mega Millions drawing drew attention for its similarity to "The Numbers," a sequence of six numbers that served as a plot device of the ABC drama series Lost. One such usage involved character Hugo "Hurley" Reyes playing the sequence in a similar "Mega Lotto" game, winning a nine-figure jackpot and subsequently experiencing numerous misfortunes in his personal life. The first three numbers (4, 8, 15) and mega ball (42) in the Mega Millions drawing matched the first three numbers and the final number (which Hurley also used as the "mega ball" number) in the Lost sequence. The last two numbers in the Mega Millions drawing did not match the last two numbers that were used in the scene. Those who played "The Numbers", including from quick-picks, won $150 ($118 in California) in a non-Megaplier game; $600 with the multiplier.
First introduced in 1996, the USA Mega Millions was originally known as ‘The Big Game’ - and looking at its payouts over the years, it’s no surprise as to why. With a starting jackpot of $40 million and a record jackpot of $656 million to date, winning the USA Mega Millions is no joke - although when you hit the big one you’ll be laughing all the way to the bank.
Rules vary according to the applicable laws and regulations in the jurisdiction where the ticket is sold, and the winner's residence (e.g. if a New Jerseyan wins on a ticket bought near their workplace in Manhattan). Mega Millions winnings are exempt from state income tax in California; while Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington state, and Wyoming do not have an income tax. On the other hand, some residents of New York City and Yonkers, New York pay three levels of income tax, as these cities levy income taxes.
During the middle of its four-year run, LA became a more traditional pick-6-of-54 game; unlike the first version, players got two games for $1. The jackpot odds actually became more "favorable" at 1 in 13 million per dollar; however, overall odds were much tougher, since four numbers were still needed to win the lowest prize tier. This version was entirely parimutuel.
The Euro Jackpot results are comprised of seven numbers, 5 regular balls chosen from the numbers 1 to 50 and the two special Euro Balls which are chosen from the numbers 1 to 10. Matching all of the numbers on your Betslip wins you the multi-millionaire jackpot but there are 11 other smaller tiers which you should also check as just matching two numbers correctly will win you the minimum prize. Simply click on a result and this will produce a full prize breakdown for all of the different tiers. Good luck!
When you win a Mega Millions prize on theLotter you will receive an automated email (or SMS) to let you know you’ve won! Prizes will be transferred directly into your theLotter account after the results are published and soon after the receipt of the prize from the official lottery operator. Please note, the jackpot and second place prizes may need to be collected in person. In these cases, theLotter will pay for your flight to the US! Like other American lottery winnings, Mega Millions prizes are subject to US State and Federal taxes.
The advantages to group game tickets is that is a good way to maximize your exposure (you have a little bit of a lot of tickets) without spending fortunes of multiple tickets. Due to the US Powerball having a minimum jackpot of $40m, group game tickets are always an attractive option as even with only a 2.5% share of the syndicate, you will still win $1m! As the jackpots grow, the Syndicate option becomes more and more appealing. The mantra of the group game player is “it’s better to have a little bit of something than a big bit of nothing.”